Outraged industry condemns CEO killing in G Noida

NEW DELHI: An outraged India Inc on Tuesday condemned the killing of L K Chaudhury, CEO of Italian firm Graziano Transmissioni in Greater Noida, stating such incidents will damage the country's image among global investors.

Chaudhury was beaten to death yesterday allegedly by dismissed employees inside the factory.

"Such a heinous act is bound to sully India's image among overseas investors and deserves utmost condemnation," industry body FICCI said.

Expressing concern over the law and order situation in Greater Noida, the Indo-Italian Chamber of Commerce and Industry said trade unions should conduct themselves with maturity and responsibility.

"Labour unrest takes place everywhere but it is unfortunate that in this particular incident, things went out of hand," Chamber's Northern Region Chairman Diljeet Titus said.

He said unions should realise that companies are working in a liberalised environment and industrial peace is essential for economic development.

The Indo-American Chamber of Commerce said the incident sets a bad precedence for Uttar Pradesh as the state needs investments and job opportunities.

Echoing the sentiment, Assocham President Sajjan Jindal said the UP administration needs to take stringent action against those who have committed the gruesome act to restore confidence of investors in the state.

"The killing has sent out wrong signals, consequences of which would have to be suffered by the state," he said.

The Confederation of Indian Industries said such instances of industrial violence cannot be a solution to any problem and "should not be tolerated."